Two large bus companies in Brazil started accepting cryptocurrency. They are the first in the country to do so for public transportation ticket sales.
Both of the companies, Brasil Sul and Viação Garcia, are part of the GBS Group.
Brasil Sul claims to have the newest and most modern fleet in Brazil, while the Viação Garcia is one of the country’s largest bus companies with over 800 buses.
“The group opted, initially, to use bitcoin (BTC), the most popular virtual currency on the market today…[and] by July, two other cryptocurrencies will be accepted: bitcoin cash and litecoin.”
On their websites, both companies explain how the new payment method can be used: “when choosing the bitcoin option, the client should open their wallet and scan the code that appears on the site screen.” Once the payment is completed, the voucher is forwarded to client’s email.
Estefano Boiko Junior, GBS vice president expressed that “the transport sector could not be left behind,” regarding cryptocurrency acceptance.
“Cryptocurrencies represent changes in financial relationships. They facilitate purchases online. Many of the economic and commercial operations are migrating to the digital world and the segment of passenger transport by road could not be different.”
The cryptocurrency payment method is live since June 6th.
Do you think that cryptocurrency will work well for public transportation tickets? Share your thoughts in the comments below!